REGISTERED NUMBER: 09742032 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ERDA ENERGY LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

13,082

18,296

CURRENT ASSETS

Stocks

6,457

13,973

Debtors

5

1,065,266

909,183

Cash at bank

255,082

159,533

1,326,805

1,082,689

CREDITORS

Amounts falling due within one year

6

650,785

485,966

NET CURRENT ASSETS

676,020

596,723

TOTAL ASSETS LESS CURRENT LIABILITIES

689,102

615,019

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

688,102

614,019

SHAREHOLDERS' FUNDS

689,102

615,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

D M Harte - Director

1.	STATUTORY INFORMATION

Erda Energy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09742032

Registered office:

26 Duncan Terrace

London

N1 8BS

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The functional and presentation currency of these financial statements is pound sterling.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the Erda Energy Holdings LLC group.

Turnover

Turnover represents the fair value of services provided during the period, Turnover is recognised as contract activity progresses and the right to consideration is earned. Fair values reflect the amount expected to be recoverable from clients. Unbilled turnover on individual contracts is included as accrued income. Turnover excludes value added tax.

Tangible assets

Tangible assets are recorded at cost less accumulated depreciation. Depreciation is calculated so as to write off the cost of fixed assets, less their estimated residual values, over the expected useful economic lives of the assets concerned. The principal annual rates used for this purpose are as follows:

Plant and machinery etc - Straight line over three years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4.	TANGIBLE ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

29,114

Additions

4,602

Disposals

(2,526

)

At 31 December 2024

31,190

DEPRECIATION

At 1 January 2024

10,818

Charge for year

9,549

Eliminated on disposal

(2,259

)

At 31 December 2024

18,108

NET BOOK VALUE

At 31 December 2024

13,082

At 31 December 2023

18,296

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

92,518

116,838

Amounts owed by group undertakings

552,530

501,525

Other debtors

420,218

290,820

1,065,266

909,183

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

107,567

67,678

Amounts owed to group undertakings

247,232

40,000

Taxation and social security

40,821

41,201

Other creditors

255,165

337,087

650,785

485,966

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

£1

1,000

1,000

8.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date, the company had total financial commitments which are not included in the balance sheet of £48,291 (2023 - £88,008), of which an amount of £28,534 (2023 - £43,789) is committed to be paid within one year.

9.	PARENT UNDERTAKING